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No plans to redenominate Naira – CBN Clarifies The Central Bank of Nigeria has denied claims that it plans to redenominate the country’s currency, Naira, with effect from January 2024. Isa AbdulMumin, CBN’s Director of Corporate Communications, made this known today in a statement. The reaction of the apex bank comes following a claim suggesting that it plans to redenominate the country’s legal tender. The Bank refuted the claim, noting that it has no plan to restructure and redenominate the Naira. “The attention of the Central Bank of Nigeria (CBN) has been drawn to the wide circulation of a text message suggesting that the Bank plans to redenominate the Country’s legal tender, the Naira, with effect from January 2024. Connect with INSTANTnews on         WhatsApp (08102022907) “We are concerned that this narrative, which we had refuted before now, appears to be gaining traction with several debates on the implication of such a policy for the Nigerian economy. “...

Ministry Will Work With National Assembly - Environment Minister The Minister of Environment, Balarabe Abbas has voiced his commitment to collaborating with the National Assembly to chart a roadmap that will help the environmental sector achieve its mandate. During a working visit by the Senate Committee on Environment, headed by its chairman, Sen. Yunus Akintunde and other committee members to the ministry in Mabushi, Abuja, Abbas emphasised the importance of the National Assembly’s support and cooperation, particularly in terms of funding, to enable the ministry to fully meet its objectives. Connect with INSTANTnews on         WhatsApp (08102022907) Abbas also expressed his commitment to maintaining an open-door policy, welcoming members of the National Assembly and all relevant stakeholders to engage in discussions pertaining to the environmental sector. He assured the Senate Committee on Environment that the ministry would collaborate closely with the commit...